faithin9ja:

Mama Iyabo at Mende night market, sells tomatos of N3000 per night, all her market is not worth more than N20,000. where is her daughter going to work when she grows up? which type of education can she afford to give her daughter to get one of the few jobs in a bank or oil company, not a chance.

But her daughter can get a entry level job in companies like Wal Mart. There are not enough of these types of employers in Nigeria yet our population is growing. Nigerians will go to US and UK and work for these type of employers, do you think the millions of under-employed Nigerians would not love to work for these type of companies.

be there talking from the comfort of your London home, telling us Nigeria is not ready.

Open a branch of Mr Biggs in Owerri or Asaba and see the queue of people lining up looking for work, you don't see this from your 'lofty academic position' please move into the real world.

bissalla: Whether walmart or Shoprite or what, I don't give a damn, as for us in Lekki Phase 1, its Ebeano Supermarket all the way. The guy who started in a duplex has opened the largest supermarket in the estate. With the opening of his new mega store, most Lekki Phase 1 residents are shying away from Shoprite cos Ebeano is cheaper.
I think we must encourage our own people to create jobs instead of bringing in these foreigners who will make our brothers and sisters slaves.

Ebeano all the way.

alj harem:

Thank you but I strongly disagree with you.

We have seen the difference between Foreign companies and Nigerian owned companies.

1. Having a Nigerian owned company does not only provide opportunity for highly skilled people to work as MDs etc but also gives the nation a sense of psychological pride which much needed now.

2. It also provides opportunity for Nigerian farmers to show case their products rather than the Walmart etc which are all imported.

3. It gives Nigeria the opportunity to invest in GM foods if they are going to mass produce these food. Of course we know (the company) knows that Nigeria is a sentimental society thus we don't eat GM meats (chicken beef etc) We want our meats to be 100% natural thus this would give opportunity for local farmers to look into that as well.

4. Walmart and co would not provide as much jobs as a Nigerian owned one. Reason being that the Nigerian owned would provide 10 times more if not higher than walmart.

Moreover in the jobs shops it would provide some cash for the students in their university or so.

Lastly having a Nigerian owned company provides jobs for Nigerians in diaspora as well. Thus the opportunities are endless if done right.

alj harem:

Gbbammm I agree but we don't need Walmart persay. A Nigerian owned would be way better

faithin9ja:
Sorry but your arguement is confused, how does the standard of living improve? by government handing over cash to the population? Mama Iyabo according to you is one of the people Wal Mart will kill off. I am explaining to you how Wal Mart helps Mama Iyabo and you say you don't care.

We need more big employers in Nigeria, we need more investment. You sitting in London how much have you invested in Nigeria? how many people have you employed? As I said earlier, my company is a supplier to Shoprite and Game and I know how many I employ because of these supply contracts.

Continue to preach the 'politics of socialism' from the comfort of your room in Barking or Ilford, whilst real people are doing the their 2 kobo for Nigeria

amosy007:

I think u are wrong ....though am. Against foreign companies exploiting Nigerians but that doesn't mean they are not highest employer of labour ....take Mtn vs glo as an example ...who employed more nigerian among the duo..... Look at dstv and hitv.... Look at SUMAL and FUMAN juice in ibadan.... Sumal employees are over 20 thousand while fuman doesn't have up a thousand .... Besides nigerian business men don't like to go into business they are not so sure of....they only need a eye opener ...and wallmart myt just be it

amosy007:

Now that we don't have any nigerian that looks that way...don't u think it will be wise to give wallmart a chance atleast to open their eyes.......huh?

If not for mtn and econnet...adenuga might not have thot of given nigerians glo

If not for dstv I don't think there will be anything hitv today..thatsp

alj harem:

Oh I see you point clearly. true talk my brother

But as the case of walmart, I think it would not give others the opportunity to compete with them on fair grounds. But I see your point

nwanna89: Their operating cost won't allow them be profitable or drive local retailers out of business. So they would likely be packing their bags after 2 years. Good move in my opinion considering the employment it will create. Park and shop, shoprite and co haven't driven local retailers out of business. So I doubt Walmart will be able to do so

aasog1: Walmart will create employment, but it would still be exploitative like it is in the US.
A friend who worked with them in PA, confessed he gets $7.40 per hour, amidst the presence of strong labor union unlike here where labor easily compromises.
So payment would definitely be peanuts, and the hours would be long and horrible. But consumers will benefit, as there would be higher influx of cheaper products.
I dont know why NOI thinks bringing Walmart to Nigeria is an achievement. The chain of value would be like MTN. 5% of their Net Profit and ROI stays in Nigeria, the rest 95% flows back to the US.
But anyways, shes doing something atleast

But_one_day: ''Okonjo-Iweala said that wal-mart is coming to nigeria good or bad? Just as simple as a.b.c. The ans is; (BAD). Next question pls?

igbo2011: Ngozi Okonjo Iweala Said Wal-mart Is Coming To Nigeria, Good Or Bad?


https://www.youtube.com/watch?v=p0I6m8LEXm4

Go to 4:18 on the video. What do you think about this?

I think it is a BAD idea. They will come to Nigeria and import almost everything from China then they will export their revenue out of Nigeria. This will drain the foreign exchange of Nigeria. This is very bad news, we must not allow this to happen. It will also destroy the local economies and will leave thousands of people out of jobs. Wal-Mart will have prices lower than most market so the markets will go down.

It would only be good if 90% of the things sold at Wal-Mart are made in Nigeria.

Wal-Mart is in China but everything is made in China so it is good. But it wouldn't work in Nigeria IMO.

Even India doesn't want Wal-Mart.


https://www.youtube.com/watch?v=Ltu5M5ycpmc

igbo2011: Ngozi Okonjo Iweala Said Wal-mart Is Coming To Nigeria, Good Or Bad?


https://www.youtube.com/watch?v=p0I6m8LEXm4

Go to 4:18 on the video. What do you think about this?

I think it is a BAD idea. They will come to Nigeria and import almost everything from China then they will export their revenue out of Nigeria. This will drain the foreign exchange of Nigeria. This is very bad news, we must not allow this to happen. It will also destroy the local economies and will leave thousands of people out of jobs. Wal-Mart will have prices lower than most market so the markets will go down.

It would only be good if 90% of the things sold at Wal-Mart are made in Nigeria.

Wal-Mart is in China but everything is made in China so it is good. But it wouldn't work in Nigeria IMO.

Even India doesn't want Wal-Mart.


https://www.youtube.com/watch?v=Ltu5M5ycpmc

bissalla: Whether walmart or Shoprite or what, I don't give a damn, as for us in Lekki Phase 1, its Ebeano Supermarket all the way. The guy who started in a duplex has opened the largest supermarket in the estate. With the opening of his new mega store, most Lekki Phase 1 residents are shying away from Shoprite cos Ebeano is cheaper.
I think we must encourage our own people to create jobs instead of bringing in these foreigners who will make our brothers and sisters slaves.

Ebeano all the way.